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Stewart/Cramer - Anyone notice that Cramer actually supports the bank bailout (Socialism)?

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Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 06:15 AM
Original message
Stewart/Cramer - Anyone notice that Cramer actually supports the bank bailout (Socialism)?
Edited on Sat Mar-14-09 06:16 AM by Roland99
In this video (Part 2 of the unedited interview on Comedy Central):
http://www.thedailyshow.com/video/index.jhtml?videoId=221517&title=jim-cramer-unedited-interview

Start around the 5:31 mark. He talks a bit about the "tier 1 capital" and then lays this bombshell:

"I talk about the need for banks to have enough money to be able to lend to people who really need it and the government's gotta provide it."


Hmmm...Cramer wants the government to fund the banks with money for them to lend out to consumers? Isn't that opposite of what he's been saying? That he's against the bailouts?
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 06:22 AM
Response to Original message
1. Cramer wants 4% mortgages for EVERYONE.
Also I'm pretty sure he is in favor of reducing principal for mortgages.

His proposals would help the little guy much more than what Obama settled on.

And Jon Stewart thinks he is the main bad guy. Very sad.
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unapatriciated Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 06:27 AM
Response to Reply #1
2. Stewart does not think that...
Cramer is just the biggest whiner of the bunch
if he didn't do the talk show circuit playing the victim he would not have found himself in that situation
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Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 06:32 AM
Response to Reply #2
3. Yeah, I agree. Stewart was going after CNBC and its execs but going thru Cramer
Stewart, on more than one occasion thru the whole interview, made that point that he wasn't singling Cramer out.
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 06:38 AM
Response to Reply #2
4. Jon Stewart eviscerated Jim Cramer for things that were
Edited on Sat Mar-14-09 06:40 AM by dkf
way beyond Cramer's paygrade.

And he gave Cramer no props for making suggestions that would benefit main street more than any other plan I've seen.

He made Cramer the bad guy. Now people who don't know Cramer's view on this think he purposely did this to them by not doing investigative financial journalism that was apparently supposed to wake them up and change their lives.
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unapatriciated Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 05:46 PM
Response to Reply #4
7. Cramer tried to lie his way out of it...
but thanks to the magic of video tape he was shown as the crook he is
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ingac70 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 08:00 AM
Response to Reply #1
6. Cramer jumped on Stewart...
not the other way around. He shoulda kept his big mouth shut after TDS ran that montage of buffoonery from CNBC the first time. He wasn't aim at Cramer personally. But now we all know what that SOB was up too.
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DailyGrind51 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 07:01 AM
Response to Original message
5. Cramer is a whore of the banking and brokerage industries, not a true journalist.
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